Property damage liability coverage is a standard part of an auto insurance policy. So what does property damage liability insurance cover? Well, property damage liability insurance helps pay for repairs if you cause property or vehicle damages, such as in the event of a car accident where your actions tear up someone else’s fence or building front.
Property Damage Liability Coverage typically doesn’t cover costs to repair YOUR CAR; it will most likely be covered by other types and levels of protection like collision coverage that also covers physical injuries sustained during accidents on top of being able to fix any external damages done to another person’s home because they were at fault too!
How Much Property Damage Liability Are You Need To Have?
Every state requires a driver to carry a specified minimum limit of liability. States generally require property damage and bodily injury coverage, which differs from state to state, however in California, drivers are required at least $5,000 for their property coverages. At the same time, Texas only needs them to have $25,000 or more.
There are liability limits. The limit sets the maximum amount your policy will pay for a covered claim you choose when buying car insurance or can be adjusted later with help from an agent.
Consider Your Property Damage Liability Limits
You can always opt to purchase limits higher than the minimum set by your state. For example, if you chose a $10,000 coverage limit and the amount of damage caused exceeds that–you may have to pay out-of-pocket. Having a higher liability insurance policy might help keep costs down after an accident with property damages or bodily injury!
When it comes to your health insurance coverage, you get what you pay for. The higher the limits of personal injury and property damage covered by an insurance plan – as well as other factors such as deductibles-the more expensive each year’s premiums will be with a particular carrier. Discussing options ahead of time can help prevent any surprises in terms of expenses down the line!